TV shipments in 2013 amounted fell almost 13 million to 225.1 million, compared to 2012.

Asia Pacific fell by almost 2 million with cheaper-priced sets fast disappearing from the region, while the slump in China was blamed partly on the expiry of a subsidy program provided by Beijing for new appliances.

But televisions will bounce back because of new technology AMOLED and OLED TVs, analysts predict.